54. Barry has a chronic back problem that requires that he receive regular therapy in a swimming...

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54. Barry has a chronic back problem that requires that he receive regular therapy in a swimming pool. He purchased a new home with a larger backyard so that he could install a swimming pool. The purchase price of the home was $180,000. The cost of installing the pool was $12,000, and the real estate appraiser said that it increased the value of the home by $7,000. The pool is used only for Barry’s therapy workouts.

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Taxation For Decision Makers

ISBN: 9781118091555

2012 Edition

Authors: Shirley Dennis Escoffier

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